The Iola register. [volume] (Iola, Allen County, Kansas) 1875-1902, 1887-07-29
BUSINESS OUTLOOK.

BUSINESS OUTLOOK.
uassfully Prepared keperta SHOW . Eavsr.
ahls state e Trad.
NEW YoRK, July 2a-Specisls 70 Bred.
aTesfs report an increased numSer Of
favoring business couditions ct tn, moro
important trade ccuters, notably at Phila-
dsiphia, where autumn trading has hegan
In dry goods, and 1t New York, where
similar reports are made, the chief stimu-
lus to portion Of the heavier movement
being the new ruling Of the trunk line
commission on the classification Of cotton
goods. At st. Louis business is very good
for the season. there being an excellent
after-harvest demand in the country trlbu-
tary thereto. Tho sales Of dry goods and
hardware are heavier at St. Joseph and the
fall demand II pronounced. Trade at Dem
yer IL reported ut over twenty dve per cent
In excess OF July, 1854
Kansas City il building ~ actively q
ever, and sending out more staple grocer
les than previously, though trade there in
dry goods and grain is less than week
ago. There arc few complaints OF the ef-
fects Of hot weather on general trade, par
ticalarly at Cincinnati, Pittsburgh, and
Dallas. Business at Galveston is Temporal
rily depressed by the failure Of O large cot
ton firm, but crop prospects in that region
are good.
Crop reports telegraphed to Bradstreet's
are favorable for cotton and rice. The
bulk of winter wheat has been harvested
and the outlook ID for s. 900 bushels
less production than in 1885; the
spring wheat production may be 5000
10 bushels less, or total crop
Of l7,OOO,OO0 against 100000 last year.
A severe drouth has threatened serious
damage to the crops in Ohio, Kentucky,
Indiana, Illinois, Kansas, Missouri and
Iowa, but late Geographic advices rcpor:
rains 10 Ohio. Illinois, Iowa and Missouri,
which affected prices ct once.
Special reports TO Bradstreef's Of the gross
earnings Of lO7 railways for June and for
six months during four years show that
June, 1887, earnings increased Is per cent.
over June, 1885. and % and IL per cent. re-
spectively over 1885 and 1884. For six
months OF 1857 the Increases are: Is per
sent over 1885, IL over 1885 and 16 per cent.
over 1854. The indications are that the
second half of 1887 will show . somewhat
larger rate Of increase over the three pre-
ceding years.
The industrial situation has improved
with the return to work Of the striking
coke burners, and the continuance Of low
ebb to the tide OF striking industrial en-
ployes throughout the country. The total
striking for three weeks Of July, however,
is over l4.OOO, or 1000 moro than in July,
1885, and promises for the whole OF July tc
be nearly double the total for June, 1887,
07OO.
The official report Of the production Of
pig iron for six months shows an output al
the rate OF q, Isl, 900 gross tons, an indicated
increase over 1856 of about eight per cent.
In spite of the decreased production of At
least 10000 tons in May and June, owing
to the coke strike. The report that stocks
Of pig iron unsold in makers and dealers
hands are larger than December 81, il q
surprise, and reflects strangely on many in
position to know, who have constantly re-
ported stocks lighter than ever or mo iron
on hand"
The movement Of staple cotton goods has
Increased and prices are firmer. Light
weight woolens have been offered, but
buying has not been conspicuous. Wool Is
as quiet as heretofore, with makers buy
ing sparingly Raw cotton has better
tone, having lost and regained one and o
sixteenth of cent during the week. Sugar
is in better demand for raw and refined,
with prices tending upward. Coffee, too.
has enjoyed another advance on q stron.
statistical position In Brazil and confident
and strong holders here.
puN's REPORT.
r G. Dun 4 Co., in their weekly review
OF trade, say: With business progressing
well throughout tho country, crop pros
poets excellent, iron production larger than
at any previous period, and money in
abundant supply, Wall street is disturbed
because dream it has been chasing for
months suddenly fades away, and Mr..
Garrett announces the failure OF Mr.. Ives
to buy the Baltimore & Ohio. The incident
illustrates the weakness Of Wall street as
barometer. For four months the street
has been discounting the beneficent results
Of this expected settlement" and all
sorts of purchases, loans, commitments and
calculations have been based thereon. But
for these, the retention Of the Baltimore &
Ohio by its old owners would disturb no.
body. But now litigation, involving the
value Of many properties, direct and
indirect, has been commenced, and may
overcloud with uncertainty for some time.
and meanwhile no one wants to buy a share
in q lawsuit.
Wheat at SlsIc for No. Cred winter in July
is lower than it has been before IN tina;
month for moro than forty years, and close
to the lowest price for that period in any
month. This is the direct result Of q spec
ulation which drew many million bushels
from farmers hands, where the cost OF
carrying was nothing, into the hands Of
dealers who are anxious to unload before
the new wheat comes The q, OO0, OO0 bush
els in few elevators are heavier than 81,
OOO,OO bushels would be in the farmers
barns. Small purchases from farmers for
some time to come are probable, and the
consequent delay in demand for money &c
use in crop moving may possibly be help
full.
Prices generally are low, in spite OF many
speculat.ons. As evidence Of the absorp
ton of floating capital in fixed forms, and
its effects, it may be stated that tho same
quantities Of articles, representing mise
tenths Of the aggregate consumption OF the
country, which could have been bought Q
year ago for $lOO would now cost only
about $lO030, and they were not four pei
cent. higher in January last. So small 6
change in prices, after Nm expansion oil
It's OOO, 600 during the year in circulation, il
surprising
Cotton is tending downward, with liquid
alton following several important failures
but goods are comparatively scarce and
prices well maintained.
Reports from all parts Of the country are
uniformly favorable as to the state Of trade
for the season, and collections are reported
good or fair at all points save two. The
crop prospects are also pronounced more
favorable, though the extent Of the damage